This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

7-Eleven Strip 8641 South Blvd

5,441 SF 100% Leased Retail Building Charlotte, NC 28273 $3,453,000 ($634.63/SF) 7.20% Cap Rate

INVESTMENT HIGHLIGHTS

  • High Growth Charlotte, NC
  • Re-Leasing Upside
  • Attractive Lease Fundamentals | Rent Bump Soon

EXECUTIVE SUMMARY

- Attractive Lease Fundamentals | Rent Bump Soon
- Each lease is structured Nnn, providing minimal landlord responsibility
- 7-Eleven has a 10% rent bump coming in 2025, which will boost your annual return
- Strong Corporate Anchor Tenant
- The center is anchored by 7-Eleven
- 7-Eleven market cap of $37.18B
- Over 83,000 locations across the world
- Charlotte MSA Tailwinds
- Charlotte MSA has added more than 135K people form 2020 to 2023 making it the 5th fastest growing city in the Country
- Charlotte forecasts a 45.2% job growth over the next 10 years
- Prime Charlotte Real Estate
- Located at the lighted intersection of Sharon Rd W (23.5K) and South Bv (33.5KVPD)
- Across the street from Sharon Rd West Light Rail Stop (Over 13M riders per year)
- Over 3.8K apartment units in a 1-mile radius
- Surrounded by Thousands of Workers
- Over 2.7MSF of industrial space located in a 1-mile radius
- Across the street from Campbell Snacks 700K SF distribution facility
- Re-Leasing Upside
- Kure vapor has minimal term remaining with 0 option periods, providing the next owner the ability to ‘mark-to-market’ (Market Leasing
- Assumption: Upper $20’s psf) the rent with a new tenant, renew Kure Vapor, or lease the excess space to 7-Eleven

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,441 SF
Building Class
C
Year Built/Renovated
1990/2015
Price
$3,453,000
Price Per SF
$634.63
Cap Rate
7.20%
NOI
$248,599
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.97 AC
Zoning
B2
Parking
29 Spaces (5.33 Spaces per 1,000 SF Leased)
Frontage
197’ on Sharon Rd

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • -

In 1927, 7-Eleven showed the world just how convenient shopping could be – and they’ve been doing it every day since. Today, 7-Eleven is a global brand with more stores than any other retailer in the world. 7-Eleven, Inc. now operates a robust family of banners and brands, including Speedway®, Stripes®, Laredo Taco Company® and Raise the Roost® Chicken and Biscuits locations throughout the U.S. The brand also has a history of firsts — coffee in to-go cups, 24/7 hours and self-serve soda fountains, to name a few. Not to mention iconic products – like Slurpee® and Big Gulp® drinks – that have become a part of American culture. As the world’s largest convenience retailer, 7-Eleven also helped pioneer the Franchise model and is now consistently ranked as a top-10 Franchisor – a true testament to their entrepreneurial spirit. Although they’ve grown significantly over the years, they remain focused on innovating to meet customers' needs.

  • Retailer
  • -
  • -
  • -

KURE Corp. (“KURE”) is a private company based in Charlotte, North Carolina that specializes in the retailing of vaporizers and e-cigarettes, e-Juices, and related accessories. KURE’s primary products are its distinct line of custom blended, premium, USA made flavored e-Juices, KURE branded vaporizers, as well as popular third party brands of advanced hardware and select eLiquids. KURE set out to change the current state of the “vape shop” industry with the introduction of KURE Vaporium & Lounge, a modern and sophisticated retail environment and lounge catering to the vaping community. By elevating the environment and customer experience, KURE has paved a completely new path to the rapidly growing vaping and e-cigarette industry. KURE’s executives and principals are seasoned business entrepreneurs with nearly 20 years of individual expertise in taking start-ups from initial incubation to profitability.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - -
Retailer - - -

NEARBY MAJOR RETAILERS

Starbucks
Golden Corral
Steak ‘n Shake
Compare Foods

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
173-234-01
Land Assessment
$992,600
Improvements Assessment
$1,356,100
Total Assessment
$2,348,700
  • Listing ID: 31951915

  • Date on Market: 5/29/2024

  • Last Updated:

  • Address: 8641 South Blvd, Charlotte, NC 28273

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}